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| | Business Summary: Mymetics Corporation operates as an international biotechnology company focused on developing vaccines to combat a range of diseases. The company exploits its knowledge and intellectual property related to mucosal immunology and virosomes to develop vaccines. | | | Address 14, Rue de la Colombiere
Nyon CH-1260
Phone: 011-41-22-363-13-10
Fax: 011-41-22-363-13-11
Website: http://www.mymetics.com
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Continental Stock Transfer & Trust Co.
| Employees: 4 ShareHolders: 600 | Founded: 1994 Domicile: Delaware | | | |
| | Mymetics Corporation operates as an international biotechnology company focused on developing vaccines to combat a range of diseases. The company exploits its knowledge and intellectual property related to mucosal immunology and virosomes to develop vaccines. It uses these approaches for a portfolio of five vaccines, of which three are in clinical trials stages. Mymetics Corporation developed its portfolio using a mixture of in-house resources, outsourcing, and collaborations with major pharmaceutical companies. Its vaccine portfolio addresses HIV, RSV, herpes, influenza, and malaria. The company's key technologies, which can be exploited across a range of other vaccines, focus on mucosal immunology and the use of virosomes as a delivery method/adjuvant. Virosome based vaccines benefit from their immunogenicity, safety profile, and stability. Mucosal immunology focuses on inducing antibody production at the body's mucosal surfaces, through which most pathogens enter the body. Mymetics Corporation plans to develop its vaccines up to the conclusion of Phase II trials, by which point partnerships with large pharmaceuticals will be entered into. The company also focuses on applying its virosomal approach and mucosal immunity approach to a range of vaccines through a combination of selective acquisitions, in-house development, partnerships, and out-licensing. It was formerly known as Hippocampe S.A. and changed its name to Mymetics Corporation on July 31, 2001. The company was founded in 1990 and is based in Epalinges, Switzerland. | | History: INCORPORATED in Delaware in November 1996 as ICHOR Corp. to succeed a Pennsylvania corporation organized on July 20, 1994 as PDG Remediation, Inc., a wholly owned subsidiary of PDG Environmental, Inc. Name changed to Mymetics Corp. in July 2001. | | | | Subsidiaries: |
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6543 Luxembourg S.A. Mymetics Management Sarl
| | | | | | Capital Expenditures, thousand. US Dollars |
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| Year | Amount | | 2009 | 201 |
| | | | | | Research and Development Expenditures, thousand. US Dollars |
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| Year | Amount | | 2009 | 9,121 |
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Management
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| Officers | Position |
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| Jacques-Francois Martin | Chairman, President & Chief Executive Officer | | Ernst Luebke | Secretary, Chief Financial Officer, Chief Accounting Officer & Treasurer | | Ronald Kempers | Chief Operating Officer | | Sylvain Fleury | Chief Scientific Officer | | Anthony Jessop | SR VP & Investor Relations Contact |
| | Directors |
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| Sylvain Fleury | | Ernst Luebke | | Jacques-Francois Martin | | Christian Jean-Francois Rochet | | Thomas Staehelin | | Ernest M. Stern | | | |
| | | | Capitalization as of 03/31/2010: | | | | | Authorized Shares | Outstanding Shares |
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| Common $0.01 par | 495,000,000 | 196,263,630 | | Preferred $0.01 par | 5,000,000 | None |
| | | | LONG TERM DEBT: Euro 24,783,000. | | | | Common $0.01 par | | | |
Stockholders:
04/15/2010,
600.
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Transfer Agent: Continental Stock Transfer & Trust Co.
New York
, NY | | | | OTC Bulletin Board( Primary): MYMX | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2009 | 0.2400 | 0.0900 | | OTC Bulletin Board | 2008 | 0.3600 | 0.0900 | | OTC Bulletin Board | 2007 | 0.2500 | 0.0240 | | Over The Counter | 2006 | 0.0900 | 0.0001 | | Over The Counter | 2005 | 0.3100 | 0.0350 | | OTC Bulletin Board | 2004 | 0.3400 | 0.0450 | | OTC Bulletin Board | 2003 | 0.2200 | 0.0400 | | OTC Bulletin Board | 2002 | 3.8500 | 0.0600 | | OTC Bulletin Board | 2001 | 4.1000 | 1.8700 | | OTC Bulletin Board | 2000 | 3.5000 | 0.2500 |
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| | | | DIVIDENDS: Common $0.01 par: None. | | | | | |
| | Annual Report |
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| | | Income Statement | |
| 2009 | 2008 |
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| REVENUES |
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| | Government Grants | 13 | 65 | | Sales | 136 | - | | Interest, Dividends and Other | 1 | - | | Total Revenues | 150 | 65 | | EXPENSES |
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| | Directors' Fee | (42) | - | | General and Administrative Expenses | (3,244) | (3,693) | | Research and Development | (6,364) | (2,692) | | Depreciation and Amortization | (226) | (17) | | Interest Expense | (2,082) | (583) | | Change in the Fair Value of Acquisition-related Contingent Consideration | 1,614 | - | | Bank Fee | (2) | - | | Earnings before Taxes | (10,196) | (6,920) | | TAXES AND OTHER EXPENSES |
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| | Provision for Income Tax | 10 | (18) | | Net Income (Loss) | (10,186) | (6,938) | | SUPPLEMENTARY INFO |
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| | Basic & Diluted EPS - Continuing Operations | (0.05) | (0.04) |
| | | | Balance Sheet | |
| 2009 | 2008 |
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| CURRENT ASSETS |
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| | Cash | 2,959 | 509 | | Receivables-other | 39 | 6 | | Receivables-officer | 6 | 8 | | Prepaid Expenses | 34 | 75 | | Total Current Assets | 3,038 | 598 | | NON CURRENT ASSETS |
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| | Property and Equipment | 232 | 76 | | Goodwill | 6,671 | - | | Licenses & Contracts | 2,550 | - | | In-process Research and Development | 2,266 | - | | Total Assets | 14,757 | 674 | | CURRENT LIABILITIES |
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| | Accounts Payable | 1,540 | 991 | | Current Portion of Convertible Notes Payable to Related Parties | 5,740 | - | | Taxes and Social Costs Payable | 41 | 25 | | Total Current Liabilities | 7,321 | 1,016 | | NON CURRENT LIABILITIES |
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| | Convertible Notes Payable to Related Parties | 21,722 | 8,973 | | Convertible Notes Payable-other | 2,593 | - | | Acquisition Related Contingent Consideration | 1,936 | - | | SHAREHOLDERS' EQUITY |
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| | Common Stock - Par Value | 1,754 | 1,742 | | Additional Paid in Capital | 20,840 | 20,155 | | Deficit Accumulated during the Development Stage | (42,090) | (31,904) | | Accumulated Other Comprehensive Income | 681 | 685 | | Common Stock Issuable, Nil At December 31, 2009 and 1,000,000 At December | - | 7 | | Total Shareholders Equity | (18,815) | (9,315) | | Total Liabilities & Shareholders Equity | 14,757 | 674 |
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| | Interim Report
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | 40,000 | | 2009 |
1 | Nil | | 2009 |
2 | 120,000 | | 2009 |
3 | 40,000 | | 2009 |
4 | 50,000 | | 2009 |
Full Year
| 150,000 | | 2008 |
1 | Nil | | 2008 |
2 | Nil | | 2008 |
3 | Nil | | 2008 |
4 | 110,000 | | 2008 |
Full Year
| 110,000 | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
4 | Nil | | 2007 |
Full Year
| Nil | | 2006 |
1 | Nil | | 2006 |
2 | Nil | | 2006 |
3 | Nil | | 2006 |
4 | Nil | | 2006 |
Full Year
| Nil | | 2005 |
1 | Nil | | 2005 |
2 | Nil | | 2005 |
3 | Nil | | 2005 |
4 | Nil | | 2005 |
Full Year
| Nil |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | (2,040,000) | | 2009 |
1 | (4,040,000) | | 2009 |
2 | (5,750,000) | | 2009 |
3 | (2,410,000) | | 2009 |
4 | (180,000) | | 2009 |
Full Year
| (14,150,000) | | 2008 |
1 | (1,720,000) | | 2008 |
2 | (2,570,000) | | 2008 |
3 | (3,650,000) | | 2008 |
4 | (3,140,000) | | 2008 |
Full Year
| (10,139,000) | | 2007 |
1 | 0 | | 2007 |
2 | (3,490,000) | | 2007 |
3 | (1,550,000) | | 2007 |
4 | (7,430,000) | | 2007 |
Full Year
| (12,730,300) | | 2006 |
1 | (470,000) | | 2006 |
3 | (540,000) | | 2006 |
Full Year
| (1,988,400) | | 2005 |
1 | (790,000) | | 2005 |
2 | (370,000) | | 2005 |
3 | (380,000) | | 2005 |
Full Year
| (2,410,000) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | (.01) | | 2009 |
1 | (.02) | | 2009 |
2 | (.03) | | 2009 |
3 | (.01) | | 2009 |
4 | Nil | | 2009 |
Full Year
| (.05) | | 2008 |
1 | (.02) | | 2008 |
2 | (.02) | | 2008 |
3 | (.02) | | 2008 |
4 | (.02) | | 2008 |
Full Year
| (.06) | | 2007 |
1 | Nil | | 2007 |
2 | (.03) | | 2007 |
3 | (.01) | | 2007 |
4 | (.04) | | 2007 |
Full Year
| (.09) | | 2006 |
1 | Nil | | 2006 |
2 | Nil | | 2006 |
3 | (.01) | | 2006 |
4 | Nil | | 2006 |
Full Year
| (.03) | | 2005 |
1 | (.01) | | 2005 |
2 | (.01) | | 2005 |
3 | Nil | | 2005 |
4 | (.01) | | 2005 |
Full Year
| (.04) |
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